What Trump's Win Mean For SoCal Home Prices #homeownership #realestate #wealth

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What Trump's Win Mean For SoCal Home Prices #homeownership #realestate #wealth

1/5/2017

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Source: KPCC

After Southern California's five-year run-up in housing prices, sellers may want to act fast as industry insiders predict a slowing market. Immediately after Trump's surprise victory, mortgage rates rose to their highest levels since the summer of 2015.

Translation? If you financed a median-priced home at $710,000 in Orange County after the election, your mortgage costs $161 more per month, or $1,932 more per year, than if you had locked in a mortgage before Trump was elected.

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Real Estate is a LIFESTYLE

What Trump's Win Mean For SoCal Home Prices #homeownership #realestate #wealth

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